Doesn't take into consideration:
*The quality of our environment
*leisure time, vacation
*non-market activity, such as the child care a parent provides for his or her child at home
*an equitable distribution of income
Some people dispute the validity of GDP as a measure of well-being because:
*Doesn't measure the health of our children, but nations with larger GDP can afford better healthcare for their children.
*GDP does not measure the quality of their education, but nations with larger GDP can afford better education systems
*Doesn't measure the beauty of our poetry, but nations with larger GDP can afford to teach more of their citizens to read and enjoy poetry.
*GDP doesn't take into account our intelligence, integrity, courage, wisdom, or devotion to our country.
In short, GDP doesn't measure the things that make life worthwhile.